Talking about the consolidation in the cement sector, Rakesh Arora of Macquarie Capital Securities says UltraTech's capacity post merger with units of Jaiprakash would be almost 90 MT, which is one-third of India's total capacity and production. Hence, he does not see this deal getting Competition Commission's go-ahead

Pratip Chaudhuri, former CMD of State Bank of India, says banks are circumspect because once you call up a loan, there is no chance of it ever coming back to health, and obviously valuations of stalled businesses are very low

Talking about the consolidation in the cement sector, Rakesh Arora of Macquarie Capital Securities says UltraTech's capacity post merger with units of Jaiprakash would be almost 90 MT, which is one-third of India's total capacity and production. Hence, he does not see this deal getting Competition Commission's go-ahead

Pratip Chaudhuri, former CMD of State Bank of India, says banks are circumspect because once you call up a loan, there is no chance of it ever coming back to health, and obviously valuations of stalled businesses are very low

alok and bhushan steel which has been on hold with sdr process over a year now. alok`s sdr plan was stopped by hsbc (unsecured lender). if tomorrow after bifr voting, if it gets approved then there is hope. lenders seem to be very much interested to help alok out of this mess to recover their debt dues

Not only that, after the US Presidential election outcome - be it Mrs. Clinton or Trump, the commodities will start moving up and the originating point will be China. Bhushan Steel is under-priced now for various negative reasons mainly of the unsustainable debt and once there is clarity

Bhushan Steel has been going through a rough phase. Hopefully, year 2017 will bring some cheers for Bhushan Steel inventors . Banks will restructure the debt . Creditors of Bhushan Steel have decided to restructure the Rs45,000 crore loans of the company. Under S4A norms, in companies where

Bought today - with Government extending the minimum import prices and demand picking up due to revival in rural demand, CR and GP/GC producers like Uttam Galva, Bhushan Steel, National Steel will see huge jump in demand and profits from Nov -
Target is 38 by December -